Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 3.00

Alfie, Bill, and Coco

Alfie, Bill, and Coco each value police protection differently. Alfie’s demand for the public good is Q = 55 – 5P, Bill’s demand is Q = 80 – 4P, and Coco’s demand is Q = 100 – 10P. If the marginal cost of providing police protection is $13.50, what is the socially optimal level of police provision? Under Lindahl pricing, what share of the tax burden would each of the three people pay?

 

Answers

(5)
Status NEW Posted 16 Feb 2018 05:02 PM My Price 3.00

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